IF
Independence Financial Advisors, LLC 13F Filings & Institutional Holdings (Q3 2026)
Independence Financial Advisors, LLCCIK: 0002066080
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$398.3M
Reporting period: 2026-09-30 · Number of holdings: 55
Independence Financial Advisors, LLC disclosed 55 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $398.3M and a quarterly turnover rate of 6.5%.
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Personality snowflake
- Concentration
- 25.57
- Portfolio Stability
- 6.52
- Momentum
- 100
- Sector conviction
- 74.51
- Diversification
- 100
- Sizing Uniformity
- 83.99
Independence Financial Advisors, LLC's disclosed holdings carry a Herfindahl concentration index of 0.064 — mathematically equivalent to about 16 equally-sized positions, well below its 55 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.60), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.5 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 2% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd FTEC
+6.6% $4.8M
Add FELG
+4.4% $4.5M
Trim FIDU
+4.4% -$974.8K
Add FELV
+4.3% $2.1M
Trim ICVT
+6.0% -$291.2K
Trim IEF
-54.4% -$772.6K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | FELG | Fidelity Enh Lrg Cap Gwth | ETF-Other | 15.84% | +0.63% | +4.39% | |
| 2 | FTEC | Fidelity Msci Info Tech Indx | ETF-Tech | 11.34% | +0.88% | +6.55% | |
| 3 | FELV | Fidelity Enh Lrg Cap Val ETF | ETF-Other | 7.27% | +0.29% | +4.32% | |
| 4 | TIP | Ishares Tips Bond ETF | ETF-Other | 5.35% | -0.10% | +6.69% | |
| 5 | IEI | Ishares 3-7 Year Treasury Bo | ETF-Gov Bonds | 5.27% | -0.09% | +5.19% | |
| 6 | PFF | Ishares Preferred & Income S | ETF-Other | 4.39% | +0.10% | +9.11% | |
| 7 | ICVT | Ishares Convertible Bond ETF | ETF-Other | 4.25% | -0.21% | +5.97% | |
| 8 | FDVV | Fidelity High Dividend ETF | ETF-Other | 3.60% | +0.03% | +3.49% | |
| 9 | GLD | Spdr Gold Shares | ETF-Commodities | 3.53% | +0.16% | +4.49% | |
| 10 | FCOM | Fidelity Msci Comm Serv Indx | ETF-Other | 3.49% | +0.15% | +4.11% | |
| 11 | FENI | Fidelity Enhanced Intl ETF | ETF-Other | 3.45% | +0.03% | +4.83% | |
| 12 | FIDU | Fidelity Msci Indust Indx | ETF-Other | 3.16% | -0.36% | +4.38% | |
| 13 | FMAT | Fidelity Msci Materials Indx | ETF-Other | 3.13% | +0.02% | +9.30% | |
| 14 | FDIS | Fidelity Msci Cons Discr Ind | ETF-Other | 3.13% | -0.16% | +6.50% | |
| 15 | IJJ | Ishares S&p Mid-cap 400 Valu | ETF-Other | 2.50% | -0.04% | +8.98% | |
| 16 | IJS | Ishares S&p Small-cap 600 Va | ETF-Other | 1.90% | -0.02% | +8.71% | |
| 17 | ISTB | Ishares Core 1-5 Year Usd Bo | ETF-Other | 1.90% | -0.01% | +4.55% | |
| 18 | IJT | Ishares S&p Small-cap 600 Gr | ETF-Other | 1.85% | -0.16% | +6.24% | |
| 19 | FLBL | Franklin Senior Loan ETF | ETF-Other | 1.83% | +0.05% | +5.77% | |
| 20 | FALN | Ishares Fallen Angels ETF | ETF-Other | 1.82% | — | +8.57% | |
| 21 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-Corp Bonds | 1.77% | -0.03% | +8.49% | |
| 22 | IUSV | Ishares Core S&p U.s. Value | ETF-Other | 1.62% | -0.20% | -8.12% | |
| 23 | IUSG | Ishares Core S&p U.s. Growth | ETF-Other | 1.35% | -0.07% | -4.96% | |
| 24 | IJK | Ishares S&p Mid-cap 400 Grow | ETF-Other | 1.25% | -0.09% | +3.58% | |
| 25 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.89% | -0.02% | +0.25% | |
| 26 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.47% | — | +0.26% | |
| 27 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.33% | -0.01% | +0.08% | |
| 28 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 0.23% | -0.01% | +0.38% | |
| 29 | MSFT | Microsoft CORP | Stock-Tech | 0.21% | +0.05% | -1.38% | |
| 30 | FHLC | Fidelity Msci Health Care | ETF-Other | 0.20% | -0.03% | -11.60% | |
| 31 | AAPL | Apple Inc | Stock-Tech | 0.19% | +0.02% | +0.09% | |
| 32 | SHY | Ishares 1-3 Year Treasury Bo | ETF-Gov Bonds | 0.19% | -0.07% | -24.41% | |
| 33 | ✓ | Stock-Other | 0.18% | +0.18% | NEW | ||
| 34 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.16% | -0.01% | — | |
| 35 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.16% | -0.01% | +0.39% | |
| 36 | MTB | M & T Bank CORP | Stock-Financials | 0.15% | -0.02% | -0.04% | |
| 37 | IEF | Ishares 7-10 Year Treasury B | ETF-Gov Bonds | 0.15% | -0.20% | -54.37% | |
| 38 | JHMM | John Hancock Multi Fact Mid | ETF-Other | 0.14% | -0.02% | — | |
| 39 | TD | Toronto-dominion Bank | Stock-Financials | 0.12% | -0.01% | — | |
| 40 | INDB | Independent Bank Corp/ma | Stock-Other | 0.11% | -0.01% | +0.61% | |
| 41 | CRH | CRH plc | Stock-Materials | 0.11% | -0.04% | +0.45% | |
| 42 | FUTY | Fidelity Msci US Utilities | ETF-Other | 0.11% | -0.15% | -51.12% | |
| 43 | FREL | Fidelity Msci Rl Est Indx | ETF-Other | 0.09% | -0.01% | +0.77% | |
| 44 | HD | Home Depot Inc | Stock-Consumer Disc | 0.09% | -0.03% | -1.45% | |
| 45 | GE | General Electric | Stock-Industrials | 0.08% | -0.02% | +4.54% | |
| 46 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.08% | — | — | |
| 47 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.08% | — | +0.11% | |
| 48 | RTX | Rtx CORP | Stock-Industrials | 0.07% | -0.01% | +0.19% | |
| 49 | FNCL | Fidelity Msci Financial Indx | ETF-Other | 0.07% | -0.16% | -67.37% | |
| 50 | GEV | GE Vernova Inc | Stock-Industrials | 0.07% | -0.01% | +4.04% |
1–50 of 55
Portfolio Performance
Performance for Q4 2026
+1.2%
Performance Last 4 Quarters
+9.4%
- Stdev
- +8.2%
- Beta
- +0.69
- Alpha
- 0%
- Max Drawdown
- -4.1%
- Annualized Perf
- +15.4%
- Batting Avg vs S&P
- +29.4%
- Sortino
- +4.02
- Stutzer
- +0.53
- Treynor
- +0.21
- Sterling
- +1.09
- Calmar
- +3.78
- Information Ratio
- -1.62
- Tracking Error
- +4%
- Stdev Down
- +3.7%
- Winning Months %
- +76.5%
- Losing Months %
- +23.5%
- Best 12 Months
- +21.7%
- Worst 12 Months
- +9.4%
- Efficiency Ratio
- +0.68
- Sharpe
- +1.79
- Stdev Sectors
- +11.7%
- Skewness
- +0.19
- Kurtosis
- +1.1
- Upside Potential
- +5.21
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Independence Financial Advisors, LLC's most significant position changes for 2026-09-30: New buy: ; Sold out: Exxon Mobil CORP (XOM); New buy: At&t Inc (T); Sold out: Intel CORP (INTC); Add: Fidelity Msci Info Tech Indx (FTEC) — shares +6.55%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | FTEC | Fidelity Msci Info Tech Indx | +0.9% | +6.55% | Add |
| 2 | FELG | Fidelity Enh Lrg Cap Gwth | +0.6% | +4.39% | Add |
| 3 | FELV | Fidelity Enh Lrg Cap Val ETF | +0.3% | +4.32% | Add |
| 4 | ✓ | +0.2% | NEW | New buy | |
| 5 | GLD | Spdr Gold Shares | +0.2% | +4.49% | Add |
| 6 | FCOM | Fidelity Msci Comm Serv Indx | +0.2% | +4.11% | Add |
| 7 | PFF | Ishares Preferred & Income S | +0.1% | +9.11% | Add |
| 8 | FLBL | Franklin Senior Loan ETF | +0.1% | +5.77% | Add |
| 9 | MSFT | Microsoft CORP | +0.1% | -1.38% | Trim |
| 10 | T | At&t Inc | +0.1% | NEW | New buy |
| 11 | FDVV | Fidelity High Dividend ETF | 0% | +3.49% | Add |
| 12 | FENI | Fidelity Enhanced Intl ETF | 0% | +4.83% | Add |
| 13 | FMAT | Fidelity Msci Materials Indx | 0% | +9.30% | Add |
| 14 | AAPL | Apple Inc | 0% | +0.09% | Add |
| 15 | FALN | Ishares Fallen Angels ETF | — | +8.57% | Add |
| 16 | VOO | Vanguard S&p 500 ETF | — | +0.26% | Add |
| 17 | TRV | Travelers Cos Inc/the | — | — | Unchanged |
| 18 | GOOG | Alphabet Inc-cl C | — | +0.11% | Add |
| 19 | STIP | Ishares 0-5 Year Tips Bond E | — | +0.11% | Add |
| 20 | QQQ | Invesco Qqq Trust Series 1 | — | — | Unchanged |
| 21 | IXUS | Ishares Core Intl Stock ETF | — | — | Unchanged |
| 22 | ISTB | Ishares Core 1-5 Year Usd Bo | 0% | +4.55% | Add |
| 23 | GEV | GE Vernova Inc | 0% | +4.04% | Add |
| 24 | TSLA | Tesla Inc | 0% | — | Unchanged |
| 25 | INDB | Independent Bank Corp/ma | 0% | +0.61% | Add |
| 26 | FREL | Fidelity Msci Rl Est Indx | 0% | +0.77% | Add |
| 27 | TD | Toronto-dominion Bank | 0% | — | Unchanged |
| 28 | JPM | Jpmorgan Chase & Co | 0% | +0.08% | Add |
| 29 | RSP | Invesco S&p 500 Equal Weight | 0% | +0.39% | Add |
| 30 | VIG | Vanguard Dividend Apprec ETF | 0% | +0.38% | Add |
| 31 | RTX | Rtx CORP | 0% | +0.19% | Add |
| 32 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | — | Unchanged |
| 33 | IJS | Ishares S&p Small-cap 600 Va | 0% | +8.71% | Add |
| 34 | MTB | M & T Bank CORP | 0% | -0.04% | Trim |
| 35 | GE | General Electric | 0% | +4.54% | Add |
| 36 | VTI | Vanguard Total Stock Mkt ETF | 0% | +0.25% | Add |
| 37 | JHMM | John Hancock Multi Fact Mid | 0% | — | Unchanged |
| 38 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | 0% | +8.49% | Add |
| 39 | HD | Home Depot Inc | 0% | -1.45% | Trim |
| 40 | FHLC | Fidelity Msci Health Care | 0% | -11.60% | Trim |
| 41 | IJJ | Ishares S&p Mid-cap 400 Valu | 0% | +8.98% | Add |
| 42 | CRH | CRH plc | 0% | +0.45% | Add |
| 43 | INTC | Intel CORP | -0.1% | EXIT | Sold out |
| 44 | SHY | Ishares 1-3 Year Treasury Bo | -0.1% | -24.41% | Trim |
| 45 | IUSG | Ishares Core S&p U.s. Growth | -0.1% | -4.96% | Trim |
| 46 | IEI | Ishares 3-7 Year Treasury Bo | -0.1% | +5.19% | Add |
| 47 | IJK | Ishares S&p Mid-cap 400 Grow | -0.1% | +3.58% | Add |
| 48 | TIP | Ishares Tips Bond ETF | -0.1% | +6.69% | Add |
| 49 | XOM | Exxon Mobil CORP | -0.2% | EXIT | Sold out |
| 50 | FUTY | Fidelity Msci US Utilities | -0.2% | -51.12% | Trim |
1–50 of 57
Filing History
FAQ
What is Independence Financial Advisors, LLC and what type of investor is it?
Independence Financial Advisors, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $398.3M, spread across 55 disclosed positions.
What are Independence Financial Advisors, LLC's largest equity positions?
Based on the latest 13F filing, Independence Financial Advisors, LLC's top holdings by market value are:
1. Fidelity Enh Lrg Cap Gwth (FELG) — $63.1M (15.8%)
2. Fidelity Msci Info Tech Indx (FTEC) — $45.2M (11.3%)
3. Fidelity Enh Lrg Cap Val ETF (FELV) — $29.0M (7.3%)
4. Ishares Tips Bond ETF (TIP) — $21.3M (5.3%)
5. Ishares 3-7 Year Treasury Bo (IEI) — $21.0M (5.3%)
What changes did Independence Financial Advisors, LLC make in its most recent portfolio filing?
In the latest reported quarter, Independence Financial Advisors, LLC made 50 notable position adjustments: 2 new positions were initiated, 36 existing holdings were added to, 10 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: ; Sold out: Exxon Mobil CORP (XOM); New buy: At&t Inc (T); Sold out: Intel CORP (INTC); Add: Fidelity Msci Info Tech Indx (FTEC) — shares +6.55%
What sectors does Independence Financial Advisors, LLC focus on?
Independence Financial Advisors, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 39.3%
• Information Technology: 24.0%
• Industrials: 13.5%
• Consumer Discretionary: 8.7%
• Communication Services: 7.8%
• Materials: 6.7%
Investment Profile
Independence Financial Advisors, LLC returned an annualized 15.4% over the trailing 17 months — underperforming the S&P 500 by 0.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.69 (less volatile than the market) and a 29% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 39.3% of the portfolio concentrated in Financials.
Its turnover score has fallen from 84 to 7 over the past 4 quarters — a shift toward longer holding periods.
It has added to its FTEC position over the past two quarters (+$29.6M, now $45.2M), while trimming IEF over the same stretch (-$19.0M, still holding $585.1K).
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Developer Access
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REST API
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